RA 9646 or RESA Law Penal Provision on Selling Real Estate without License or PRC-Accreditation скачать в хорошем качестве

RA 9646 or RESA Law Penal Provision on Selling Real Estate without License or PRC-Accreditation

Here is part of my 3-hour lecture on topic RA 9646, a requirement to those wishing to become Professional Regulation Commission (PRC)-Accredited Real Estate Salespersons (RES). RES may sell properties legally under the supervision and accountability of a Real Estate Broker (REB). --- Republic Act 9646 a.k.a. Real Estate Service Act of the Philippines (RESA) Penal Provision for any violation: Practicing the functions of real estate transactions without valid Professional Regulation Commission (PRC) Licenses or Accreditationas provided for in Section 3 (G) of RA 9646 (g) "Real estate service practitioners" shall refer to and consist of the following: (4) Real estate broker - a duly registered and licensed natural person who, for a professional fee, commission or other valuable consideration, acts as an agent of a party in a real estate transaction to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other similar transactions on real estate or any interest therein. (5) Real estate salesperson - a duly accredited natural person who performs service for, and in behalf of. a real estate broker who is registered and licensed by the Professional Regulatory Board of Real Estate Service for or in expectation of a share in the commission, professional fee, compensation or other valuable consideration. Section 29. Prohibition Against the Unauthorized Practice of Real Estate Service. - No person shall practice or offer to practice real estate service in the Philippines or offer himself/herself as real estate service practitioner, or use the title, word, letter, figure or any sign tending to convey the impression that one is a real estate service practitioner, or advertise or indicate in any manner whatsoever that one is qualified to practice the profession, or be appointed as real property appraiser or assessor in any national government entity or local government unit, unless he/she has satisfactorily passed the licensure examination given by the Board, except as otherwise provided in this Act, a holder of a valid certificate of registration, and professional identification card or a valid special/temporary permit duly issued to him/her by the Board and the Commission, and in the case of real estate brokers and private appraisers, they have paid the required bond as hereto provided. ARTICLE V PENAL AND FINAL PROVISIONS Section 39. Penal Provisions, - Any violation of this Act, including violations of implementing rules and regulations, shall be meted the penalty of a fine of not less than One hundred thousand pesos (P100,000.00) or imprisonment of not less than two (2) years, or both such fine and imprisonment upon the discretion of the court. In case the violation is committed by an unlicensed real estate service practitioner, the penalty shall be double the aforesaid fine and imprisonment. In case the violation is committed, by a partnership, corporation, association or any other juridical person, the partner, president, director or manager who has committed or consented to or knowingly tolerated such violation shall be held directly liable and responsible for the acts as principal or as a co-principal with the other participants, if any. VIOLATION OF RESA: Licensed Real Estate Practitioners: PHP100,000 or 2 years imprisonment or both Unlicensed Real Estate Practitioners: PHP200,000 or 4 years imprisonment or both For real estate services, please contact our licensed Real Estate Broker: Vinia Lapuz, REC, REA, REB, EnP E-mail: info@makatibroker.com or everra@gmail.com SMS /Viber/ WhatsApp: +63.915.6978008 Website: https://makatibroker.com Appointments may also be made for Zoom presentation. KNOW YOUR REAL ESTATE BROKER Please like and subscribe to our Social Media Accounts: YOUTUBE: https://everra INSTAGRAM:   / makatibroker   SMDC FACEBOOK Account:   / smdcbyeverra.  . FACEBOOK:   / everrarealty   THREADS: http://threads.net/makatibroker TWITTER / X:   / makatirebroker   TIKTOK:   / makatibroker